What is GSTR-2 and How to File it?

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In our previous article, we discussed how to file GSTR-1 for outward supplies of goods and services. In this article, we will learn how to file GSTR-2 Form for inward supplies. GSTR-2 is one of the GST tax return forms. This form is used to file the details of inward supplies (imports) of taxable goods and services. Every taxpayer recipient of goods/services is required to submit details of all his/her inward supplies by 15th of the next month for a particular tax period online on GST portal. Read More...

What is GSTR-1 and How to file it?

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GSTR-1 is one of the GST tax return forms. It is used to submit the “Details of outward supplies of goods and/or services.” Every registered taxpayer under GST has to submit the GSTR-1 with required details by 10th of next month for a particular tax period. GSTR-1 can be filled online through your taxpayer account on GST portal. The form has total 13 tables, most of which will be automatically filled based on the profile information of the particular taxpayer. Also Check: What is GSTR-2 a Read More...

GST Helpline App Now Available with HSN/SAC Code Finder

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Your favorite GST Helpline India App now comes with a free HSN/SAC code finder tool which you can use to find the exact HSN codes and SAC codes for any of your products and services. HSN code tool will give you HSN code along with applicable GST rate and CESS rate for any commodity. You can search the tool by product name, chapter name or HSN code. GST Helpline India is one of the most popular mobile applications for every kind of GST related information, queries, FAQs, and news. This app has Read More...

What are GST Offences, Penalties, and Appeals

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To make GST a corruption-free and successful tax system, the government has introduced strict provisions for penalties against GST offenses. The purpose is to make sure that GST rules and laws are followed by every business and individual throughout the country. A list of 21 offenses has been released by the GST committee along with the guidelines of penalties to be applied for any kind of tax evasion. These offenses will lead to a penalty against those following tax fraud, fake invoices, tax Read More...

What is GST Fraud and How You Should Deal with it?

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With the official release of GST tax system in India on 31st July, the complaints about fraud in GST implementation have already started flowing. Since most of the common people are still not completely aware of the exact GST rates applicable on various goods and services, they are being cheated by the shopkeepers who may have been charging GST at wrong rates. These types of actions where more than applicable or wrong GST is levied from the customer are considered GST frauds. Types of GST Frau Read More...

GST Checklist: What to Do to Get Yourself GST Ready

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The new GST (Goods & Services Tax) system is here. If you haven’t already get yourself acquainted to GST, you should do it now if you don’t want to end up making mistakes when filing tax returns. Here’s the checklist of the things you need to do to get yourself and your business GST-ready. Make sure to file your income tax return for the financial period ending on 30th June, if you haven’t already. Make a list of your old stock into the quantity of items and rate per quan Read More...

What is GST Calculator and How GST Calculation Works?

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GST Calculator is an online tool that you can use to calculate the actual tax amount for all your interstate and intrastate supply of products and services. GST (Goods & Services Tax) is a newly launched tax system in India under which a common tax will be applicable on all the transactions of goods and services within a state, outside the state, and/or at the international level. There are three basic types of taxes under the new system, namely CGST (Central GST), SGST (State GST) and IGST Read More...